5 States Where You May Not Be Able to Retire at Age 65

2. South Dakota

Average Retirement Age: 66

Estimated Annual Cost of Retirement: $56,128

Like many other states, retirees may choose to retire whenever they choose in the state of South Dakota. Regardless, the average retirement age in the state is 66. Retirees may be choosing to retire after 65 to avail higher benefits, increase their retirement savings, and also ease down economic pressures. Whatever the reason may be, South Dakota is an appealing place to retire to owing to its reasonable scenic landscapes, favorable tax environment, and a range of outdoor activities.